Wednesday, April 27, 2011

Article by Fernando Alvarez: Ex IMF Economist

Greek & Portugal deficit exceeds forecasts

To the best of my judgment, it is highly probable that over the next 18 months all of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) will either default on their debt or restructure the debt; notwithstanding the opposition of Germany and Euro Zone Institutions. The United Kingdom and Belgium may be the next countries to enter into an irreversible crisis of their sovereign debt. Life in these countries will be harsher and employment will decrease further as real GDP falls...

Posted by rental john @ 03:54 PM (849 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>